PETDAG (Not Rated)

• PETDAG dropped RM1.46 (-6.38%) to close at RM21.42 yesterday.
• Chart-wise, the share has been trading downward after it broken below the key SMAs on July-2019.
• Yesterday, the share has formed a bearish engulfing candlestick pattern with a long body engulfing the previous three candlesticks indicating a strong selling pressure over the stock. We believe the share could continue to move downward in view of strong market sell down.
• Should the downside momentum continue, the support levels can be found at RM21.00 (S1) and RM20.00 (S2).
• Conversely, resistance levels can be found at RM24.00 (R1) and RM25.00 (R2).

PENTA (Not Rated)

• PENTA gained 4.0 sen (+1.15%) to end at RM3.53 yesterday.
• Chart-wise, the share continues to trade above the upward trend line follow by key SMAs continue to slope upward.
• On the other hand, MACD indicator showing bullish sign while stochastic was ranging in the oversold zone, hence, we believe the share could continue to move upward.
• Should buying momentum persist, overhead resistances can be seen at RM3.60 (R1) and RM3.76 (R2).
• Conversely, key support levels can be seen at RM3.17 (S1) and RM3.00 (S2).

Source: Kenanga Research - 4 Sept 2019